Achievements in 2016

The Central Java IPP includes a 2,000MW power plant and transmission facilities that will benefit 7.5m people and contribute to improved power supply for families, businesses, and industry. The project reached financial close in 2016, making it the largest of its kind in Asia.

Other notable highlights

Four projects supported by DevCo reached commercial close in 2016.

Once built, the state-of-the-art Tibar Bay Port in East Timor will mobilise private investment and connect the small island with the rest of the world.

The Nyagak III hydropower plant in Uganda will help to address the country’s acute shortage of power.

Two renewable energy projects in Odisha, a low-income state in India, will mobilise private investment and deliver improved energy services, CO2 reductions and cleaner, more effective street lighting.

DevCo’s new originations demonstrate its commitment to working across sectors and in difficult frontier markets. DevCo has expanded its support of the Scaling Solar programme to deliver clean, affordable power in Africa.

In Bangladesh DevCo will support transaction advisory services for the development of utilities infrastructure in the Purbachal area of Dhaka, which comprises water and sewerage services, a drainage network and solid waste management system. Once implemented, this project will provide access to safe urban water, sewerage and sanitation services. It will also develop a bankable business model for this capital-intensive greenfield type of infrastructure.

2017 and Beyond

DevCo is a unique multi-donor partnership bringing bankable, transparent and competitively-tendered PPP projects to the market.

From 2017 to 2021 DevCo will expand its provision of critical financial and advisory support in frontier markets, specifically increasing its work in fragile and conflict-affected states. DevCo will continue to bring innovation to its transactions, pursuing pioneering projects with the potential to transform an entire sector of a country’s economy as well as projects that can pave the way for future private investments in infrastructure.